IOTA; It is a crypto paradigm that is scalable, decentralized, modular and non-transactional, operating in the internet (IOT) sector of objects. Among the features of this crypto money, a novelty called Tangle stands out.
The rise and success of Bitcoin over the years has proven that blockchain technology is a viable and real value. Nevertheless, we see that this technology has a number of problems that prevent it from being used as a comprehensive platform for cryptographic services around the world. These problems include; the issue of transaction fees for each transaction made at any given amount is a considerable problem.
As the internet (IoT) industry continues to grow, the issues of mutual usability and sharing of resources have become increasingly important. In addition, as the sector of use expanded with the sector, the transactions carried out in small quantities increased. It can sometimes be interpreted as "very illogical" that the transaction fees from these transactions, which are expressed as micro transactions, are sometimes higher than the transferred amounts.
With the infrastructure provided by the existing blockchain technology, it is a fact that it is almost impossible to avoid these transaction fees. Block creators can build blocks by taking these fees into consideration. This situation; Another caveat about the current crypto-money technology, the so-called multi-element nature of the system, raises the question: There are two elements in the system. Performers and approvers of transactions.
What?
The design of the system makes it inevitable for the participants to be separated in this way. This distinction also causes some conflicts and problems. As a result, the resources of the system are being spent solving these problems and conflicts. IOTA, a crypto money specially designed for the internet of objects; It offers an innovative and promising approach that does not involve blockchain technology, all these problems we are talking about at the same time.
The main innovation behind IOTA is called Tangle; scalable, goal-oriented and revolutionary distributed non-blocking identity. This innovation allows assets to be transferred without any transaction fee. Thus, it becomes possible to operate in very small quantities. Instead of the global blockchain, this direct method called Tangle is used.
One of the key features of IOTA is that it allows data transfer via Tangle. IOTA offers a variety of options for the user to perform this data transfer. So the user; connect the two devices they want to transact with each other by establishing verified and secure communication channels. All data transferred via this connection via IOTA are fully verified and secured by protection protocols which make possible attacks impossible.
How does it work?
Tangle's working logic is as follows: To perform an operation, users need to work on the approval of other processes. For this reason, all users who perform a transaction contribute to the security of the network. Having an open source and unique distributed ledger structure, Tangle approves each transaction or data transfer within its context by two previous transactions, each approved by two previous transactions. Accordingly, the approval of the network becomes one of the basic characteristics of the network. This new system leaves the existing blockchain structure because the approval of the operation is not parsed from the use of the network. Also, as the number of processes increases, the system becomes faster and safer, and we can reach the result.
The sector which is expressed as objects internet continues to grow day by day. IOTA is every technological source; real-time, and transaction-free services, allowing companies or individual users to discover transactional models of operation from a new co-worker or business owner. At the time of writing, we see that IOTA operates as the most valuable fourth currency in the crypto money markets. We will keep track of what this revolutionary crypto money will bring to our crypto money enthusiasts and the current crypto money system.
400% increase over the last 2 days
IOTA is not a new crypt money; but recently it has been able to stand out with agreements with big companies like Microsoft and Fujitsu. Along with the announcement of the partnerships with the companies, the phrase "underwent an explosion".
The price of traveling around $ 1 for months has gone up to over $ 4 in recent days, making the investor's face laugh. 12 billion dollars are in the 4th place in the crypto money order with the passing market value. Daily transaction volume is 2 billion dollars.
It would not be wrong to say that objects are a currency that should be considered for investors for a long term under the internet concept. IOTA can be traded on the Binance stock exchange, which has a total daily transaction volume of 1 billion dollars. It is worth noting that up to 2 BTC daily shots can be made without the approval of an account within the stock market, and in approved accounts this number is 100 BTC a day.